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Bitcoin Cash Price Prediction: Why a Move Below $100 is Possible

From investingcube.com

Since July 28, Bitcoin Cash’s price has traded within a descending channel, which has seen it lose over 30 per cent of its value. In today’s trading session, the long-term bearish trend looks to be continuing, with Bitcoin Cash already down by a percentage point. However, unlike past price drops, the recent drop in the value of Bitcoin Cash has been partly due to the current bearish trend of the cryptocurrency industry. In the past two weeks, we have seen Bitcoin prices sliding to trade below the $20,000 price level. Today, Bitcoin is trading further down and below the $19,000 price level. Bitcoin Cash, a fork of ... (full story)

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  • Category: Technical Analysis